(ii) The most beneficial readily available fascination-bearing account wouldn't reasonably be envisioned to generate fascination in extra of $500 per year on Federal cash balances;
A deal is for the purpose of acquiring products and services for that recipient's or subrecipient's use and creates a procurement romance with a contractor. Begin to see the definition of agreement
(7) Published strategies for deciding the allowability of charges in accordance with subpart E plus the conditions and terms from the Federal award.
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(1) The value of donated land and properties must not exceed its honest industry benefit at time of donation on the receiver or subrecipient as set up by an independent appraiser (for instance, Qualified serious assets appraiser or Basic Services Administration representative) and Qualified by a responsible official from the receiver or subrecipient as required because of the Uniform Relocation Guidance and Serious Home Acquisition Insurance policies Act of 1970, as amended, (42 U.
(ii) The recipient or subrecipient is delinquent inside a financial debt to The usa as outlined in OMB Circular A-129, “Policies for Federal Credit Programs and Non-Tax Receivables.” Less than this kind of disorders, the Federal company or go-through entity may perhaps, right after furnishing affordable recognize, withhold payments for the recipient or subrecipient for monetary obligations incurred following a specified day until eventually the problems are corrected or even the credit card debt is repaid to your Federal Federal government.
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(b) Should the Federal agency has no more want to get more info the residence, it must declare the residence surplus and report it for disposal to the right Federal disposal authority Except the Federal company has statutory authority to eliminate the house by alternate methods (
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Apart from as in any other case furnished by Federal statutes or perhaps the Federal company, actual property needs to be used for the at first authorized purpose providing it is necessary for that reason. Even though the property is getting used with the originally approved purpose, the recipient or subrecipient must not dispose of or encumber its title or other passions besides as furnished by the Federal agency.
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Initiate a 1-time extension from the period of overall performance by nearly twelve months Except a number of on the problems outlined in paragraphs (g)(2)(i) by (iii) of the area use. Prior approval is not demanded if a receiver is licensed inside the stipulations in the Federal award to initiate a 1-time extension. On the other hand, the receiver ought to notify the Federal agency in writing with the supporting justification in addition to a revised period of effectiveness at the least 10 calendar days before the conclusion of your period of general performance.
(a) The benchmarks established forth In this particular portion affecting the administration of Federal awards by Federal agencies turn into powerful when implemented by Federal businesses or when any potential Modification to this part gets to be remaining.
OMB will review Federal agency rules and implementation of the element. OMB will provide interpretations of coverage requirements and guidance to make sure powerful, productive, and constant implementation.